Interest Rates Fall and Rise With News Out of China
August 2015
Interest rates had another rollercoaster week last week with the Mortgage Backed Security (MBS) Market trading all over the board. On Tuesday, the MBS market closed up + 53 bps with news out of China that they were going to stop manipulating and devaluing their currency. This caused investors to flock to the safety of the bond market – pushing interest rate pricing to multi month lows. Since then, China pulled back on this announcement moving all interest rate gains back. The MBS market closed 4 of the 5 days down, ending the week closing down -33 bps.
30 year fixed rates are now available at 3.875% paying 1 point (4.08% APR), and 4.125% paying 0 points (4.16% APR). 15 year fixed rates are now available at 3.125% paying .86 points (3.29% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
On Monday – the NY Empire State Manufacturing Index came in lower than analyst predictions helping improve interest rates. On Wednesday the FED minutes will be released which should give traders some hint on if the FED may increase the Federal Funds rate at their next meeting on September 17th.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.875% – 1 point (4.08% APR), 4.125% – 0 points (4.16% APR)
20 year fixed: 3.625% – .95 points (3.81% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 3.125% – .86 points (3.29% APR), 3.375% – 0 points (3.39% APR)
10 year fixed: 2.875% – .64 points (3.0% APR), 3.125% – 0 points (3.16% APR)
5/1 ARM: 3.0% – 1 point (3.2% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.25% – .93 points (3.43% APR), 3.625% – 0 points (3.66% APR)
30 year fixed FHA: 3.625% – .75 points (4.48% APR), 3.75% – 0 points (4.5% APR)
15 year fixed FHA: 3.0% – 1 point (3.5% APR), 3.375% – 0 points (3.67% APR)
30 year fixed VA: 3.625% – 1 point (3.82% APR), 3.75% – 0 points (3.8% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, Colorado, Washington, and Virginia. Arizona Home Loans, California Home Loans, Colorado Home Loans, Washington Home loans, Virginia Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. August 18th 2015 30 year fixed rates, August 19th 2015 30 year fixed rates, August 20th 2015 30 year fixed rates, August 21st 2015 30 year fixed rates, August 22nd 2015 30 year fixed rates, August 23rd 2015 30 year fixed rates, August 24th 2015 30 year fixed rates.
Interest Rates Fall and Rise With News Out of China
